The use of veterinary vaccines is a crucial and modern practice in keeping anima
Posted by industryarc on August 9th, 2019
Veterinary Vaccines Market: Growth Forecast and Demand Analysis
The use of veterinary vaccines is a crucial and modern practice in keeping animals healthy and well. Advancement in the technologies have opened several opportunities to prevent animals from infectious diseases and reduce the cases of virus transferring from animals to humans, which is driving a demand influx in the veterinary vaccines market.
The veterinary vaccines market size was .5 billion in 2018, according to the findings by IndustryARC’s market analyst. The demand is estimated to grow with a global compound annual growth rate (CAGR) of 8.2% during the forecast period of 2019 to 2025 as mentioned in the report. The report is titled “Veterinary Vaccines Market: By Type (Veterinary Viral Vaccines, Veterinary Bacterial Vaccines, Veterinary Parasite Vaccines); By Type of Disease (Bovine Vaccines, Feline Vaccines, Canine Vaccines, Poultry Vaccines, Equine Vaccines); & By Geography (Americas, Europe, APAC, ROW) Forecast (2019-2025)”,
One of the most common diseases transmitted from animals to humans is rabies, which is a vaccine-preventable diseases. In a recent report, World Health Organization suggested that dogs are the leading cause of human deaths due to rabies, with over 95% of humans deaths reported in the Asian and African regions. Furthermore, every year, more than 15 million people globally take a post-bite vaccination. Moreover, mostly the domestic dogs are responsible for the transmission of rabies, the growing concerns and awareness among population is leading to proper medication provided to domestic as well as stray dogs at an early stage to avoid progression of rabies in dogs. This is projected to preclude hundreds of thousands of rabies deaths annually which, in turn, is fueling the demand in the veterinary vaccines market.
View Full Table Of Content Of Veterinary Vaccines Market:
Veterinary Vaccines Market: Leading Segments
As per the recent study by the analyst of IndustryARC, North America is positioned as the leading region with share of 32% in 2018. Rising disposable income with the increasing adoption of veterinary vaccines for better animal health and the demand for quality food products is driving the North American veterinary vaccine market.
Furthermore, the application is segmented on the basis of the type of veterinary vaccines that include veterinary viral vaccines, veterinary bacterial vaccines, and veterinary parasite vaccines. Their key application is in the live viral vaccines which will grow with a CAGR of 9.0% through to 2025. Live viral vaccines are injected to weaken or alter the virus in order to avoid the longer cause of illness and protect immune systems. The properties of live viral vaccines such as low cost of production, prevention by a pathogen, oral administration, and high efficacy is leading to growth prospects in the veterinary vaccines market.
Veterinary Vaccines Market: Trends
Global Governmental Programs Influencing the Demand for the Veterinary Vaccines Market
The WHO, the Food and Agriculture Organization of the United Nations (FAO), the World Organization for Animal Health (OIE), and the Global Alliance for Rabies Control (GARC) have developed a global “United against Rabies” collaboration to offer a mutual policy to achieve zero human rabies deaths by 2030. This can be achieved by vaccinating dogs and by vaccinating humans as a pre-exposure immunization practice. Veterinary vaccination demand is on the rise due to the increase in several programs associated with rabies vaccination that is influencing the veterinary vaccines market.
Government Policies Boosting the Demand for the Veterinary Vaccines Market
The demand for veterinary vaccines is accumulating as antimicrobial usage among animals has been reducing over the years. Fear of influenza such as avian and zoonosis that can be easily transmitted from infected to animals, coupled with government initiatives to restrict antimicrobial drug resistance (AMR) in human beings and animals are stimulating the demand for veterinary vaccines.
Various Practices in Research and Development Sector
Manufacturers of veterinary vaccines are implementing advanced technologies to improve veterinary vaccines to reduce zoonotic diseases. Vaccination such as live attenuated ones are developed by reducing the pathogens levels and the recombinant vaccine is produced through DNA technology. The cost of veterinary vaccination is relatively low, and the main objective of the vaccines is to boost the immune system and effort against virus which reduces the vulnerability to a gamut of diseases. This is estimated to register significant growth in the demand for veterinary vaccines.
Increase demand for Lean Meat and Animal Based Products Driving the Demand for Veterinary Vaccines Market
The increase in demand for lean meat with low-fat content meat along with various animal-based dairy products such as milk and eggs for human consumption is giving rise to the diagnostic services for livestock, as they may suffer from various diseases and virus such as foot-and-mouth virus and bluetongue virus. Vaccination is the long term cost-effective treatment practice that is preferred over intermittent cure. This is why the veterinary vaccination market is gaining grounds globally. Moreover, continuous advancement in vaccine technology is adding further incentive in the evolution of vaccine protocol.
Veterinary Vaccines Market: Competitive landscape
Major market players in the veterinary vaccines market are adopting different market strategies such as acquisitions, developing new products, and expansion of the product portfolio along with licensing agreements to register significant growth in the market. Some of the major players identified in the report are Boehringer Ingelheim GmbH, Merck Animal Health, Zoetis Inc., Eli Lilly and Company, Bayer AG (Bayer Animal Health), Ceva Sant, Animale, Virbac, Biovac, Neogen Corporation, and ImmuCell Corporation.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
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Joined: August 6th, 2019
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